
UKM procurement irregularities found in RM66.64 million tenders
The report, tabled in the Dewan Rakyat, highlighted serious irregularities in tender procurement and governance at the university.
The UKM Tender Procurement Committee selected companies not recommended by the Technical Evaluation Committee, Financial Evaluation Committee, and Pre-Tender Committee.
'There were serious irregularities and weaknesses in the tender procurement process and procurement management governance at UKM,' the report stated.
It further noted that the Pre-Tender Committee endorsed a company that had failed at the Tender Evaluation Committee level for a project involving the upgrading and replacement of 16 elevator units.
The Vice-Chancellor, as Procurement Committee chairman, is responsible for ensuring proper governance under subsection 12(3) of the UKM Constitution.
UKM also failed to appoint a Ministry of Finance (MoF) representative to the Procurement Committee, while the Ministry of Higher Education (KPT) representative did not attend meetings for the three tenders.
Non-compliances included selecting a Linear Accelerator (LINAC) equipment supplier that did not meet integration specifications and advancing a technically disqualified company for food catering services to the final tender stage.
A tender was awarded to a company listed for ailing projects in elevator replacement works, disregarding recommendations from three evaluation committees.
This led to the contract being awarded to an incapable firm.
The National Audit Department recommended revising UKM's procurement guidelines to align with Treasury Circulars and ensuring strict monitoring of LINAC supply and elevator works at Hospital Canselor Tuanku Muhriz (HCTM).
'Disciplinary action is also recommended against officers and committee members involved,' the report added. – Bernama
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
5 hours ago
- The Star
Banking sector likely to remain resilient in 2H25
PETALING JAYA: The banking sector appears poised to maintain its resilience into the second half of 2025, despite expectations of a quarter-on-quarter (q-o-q) uptick in loan loss provisioning (LLP) during the second quarter of financial year 2025 (2Q25). Industry-wide indicators show manageable risks amid stable credit trends and a modest slowdown in loan growth. According to CGS International (CGSI) Research, banks are likely to report increased LLP in 2Q25 compared to RM602.3mil in 1Q25, largely due to the absence of a one-off write-back in provisions by Hong Leong Bank Bhd (HLB) earlier in the year. 'We stick to our view that banks' LLP would increase q-o-q in 2Q25, mainly due to the non-recurrence of the write-back of RM399mil in management overlay by HLB in 1Q25,' said the brokerage. CGSI Research pointed out that total industry provisions rose by RM225.6mil in 2Q25, though the trend is not viewed as alarming. 'We are not overly concerned about our expected q-o-q increase in LLP as 2Q25 LLP would likely to be largely stable year-on-year (y-o-y) and the credit charge-off rate would likely stay low at around 15 basis points (bps). 'This is significantly below the pre-Covid-19 level of 25 bps (the average in 2018 to 2019),' it said. On the lending front, growth moderated slightly. Industry loan growth eased from 5.3% y-o-y at end-May 2025 to 5.1% at end-June, mainly driven by slower business loan momentum. Household loans, however, remained firm at 6% over the same period. 'We believe banks are on track to achieving our projected loan growth of between 4.5% and 5.5% for 2025, although it could come in closer to the lower end of the range, in our view,' CGSI Research stated. Specific loan segments offered mixed signals. 'The growth in residential mortgages and auto loans stabilised at 6.9% y-o-y and 6.4% y-o-y, respectively, at end-May 2025 and end-June 2025. 'Meanwhile, the growth momentum for credit card receivables eased slightly from 9.1% y-o-y at end-May 2025, to 8.8% y-o-y at end-June 2025,' CGSI Research noted. It expects auto loan growth to taper to about 5% in 2025, while residential mortgage expansion should remain steady at 6% to 7% y-o-y through the second half. In terms of asset quality, earlier concerns arising from a sharp rise in gross impaired loans (GIL) in May were allayed by a reversal in June. 'However, banks' GIL reversed course to decline by RM464mil, or minus 1.4% month-on-month, in June 2025,' CGSI Research explained. 'In our view, this seemingly erratic movement in GIL in May to June 2025 was caused by the classification of certain corporate loans as impaired in May 2025, that was rapidly followed by a reclassification back to non-impaired in June 2025 due to the repayment of the amount in arrears by the borrower,' it added. CGSI Research maintains an 'overweight' stance on Malaysian banks, with HLB as its top pick. Its optimistic view on the banking sector is premised on potential re-rating catalysts of ongoing write-backs in management overlay and expectations of increases in the dividend payout ratios for most banks. However, CGSI Research also warned of risks including weaker economic growth, rising inflation, and a resurgence in deposit competition. 'Any defaults of loan repayments by these companies could lift banks' GIL and LLP in 2025 to 2026,' it added.


The Sun
14 hours ago
- The Sun
Sunway iLabs, Cradle Fund team up to launch Startup Deep Tech Ventures Lab
PETALING JAYA: In a strategic leap to supercharge innovation across Southeast Asia, Sunway iLabs, the innovation arm of Sunway Group, is partnering with Cradle Fund Sdn Bhd to launch the Startup Deep Tech Ventures Lab (DTVL) – a transformative six-month co-creation programme dedicated to building and scaling high-impact artificial intelligence (AI) and deep technology startups. The initiative aims to catalyse breakthrough solutions to some of the region's most critical challenges, setting the stage for a new era of technological advancement and entrepreneurial excellence. DTVL which began in July and will runt until December, is tailored for early-stage startups operating at the intersection of science, engineering and impact. Participants will undergo a rigorous and structured journey, including expert-led workshops, personalised mentorship through monthly office hours, investor-readiness sessions, and access to global capital networks, geared towards turning ambitious ideas into market-ready solutions. The programme is backed by a strong coalition of global and local innovation leaders. Core partners include Cradle, Malaysia's focal point agency for early-stage startups under the Ministry of Science, Technology and Innovation; Deep Tech Labs, a UK-based accelerator and venture capital fund backed by the University of Cambridge, ARM and Cambridge Innovation Capital; Investible, a venture capital firm based in Australia and Singapore focused on climate-tech early stage investment; and CloudMile, an AI and cloud technology company with a strong presence in Malaysia, enabling digital transformation across industries. Further strengthening the programme is a robust ecosystem network of collaborators and enablers. These include prominent venture firms such as Gobi Partners and The Hive Southeast Asia, alongside a consortium of Malaysia's leading academic institutions, including Universiti Malaya, Universiti Teknologi Petronas, Universiti Teknologi Malaysia, Universiti Putra Malaysia, Universiti Kebangsaan Malaysia, Universiti Sains Malaysia and Sunway University. Additional support comes from national innovation and commercialisation agencies such as Malaysian Research Accelerator for Technology and Innovation and a diverse bench of industry mentors from Malaysia and the United Kingdom. Together, this multidisciplinary coalition is building a launchpad for the region's next generation of transformative deep tech ventures. Twenty startups were selected from a pool of 69 applicants, resulting in a 29% acceptance rate. These startups are tackling urgent global and regional challenges across seven key verticals: artificial intelligence and deep tech, food and water security, health and wellness, intelligent autonomy, semiconductor applications, energy transition, and decarbonisation through carbon capture, innovation, and storage. The programme will culminate in a Pre-Demo Day in September, where all participating startups will present their progress to a curated audience of regional venture capitalists, corporate partners, and policymakers. A shortlist of five to 10 standout ventures will be invited to the final Demo Day showcase in October or early November, providing a public platform to spotlight breakthrough technologies and Malaysia's deep tech leadership globally. 'DTVL embodies our vision to drive deep tech innovation that delivers both commercial success and meaningful societal impact,' said Sunway Group chief innovation officer and Sunway iLabs CEO Matt van Leeuwen. 'By empowering science- and engineering-led startups, we're not just investing in technology – we're investing in solutions that can shape a better future for Malaysia and the region.' 'This is exactly the kind of bold, future-forward initiative our ecosystem needs. Deep tech is about solving real, complex challenges at scale. DVTL reflects the spirit of collaboration we need between government, academia and industry to push Malaysia's innovation frontier. Cradle is proud to be part of this momentum, and we're excited to back founders who are ready to turn breakthrough ideas into global impact,' said Cradle group CEO Norman Matthieu Vanhaecke.


New Straits Times
a day ago
- New Straits Times
Sunway iLabs, Cradle Fund launch lab to accelerate AI startups
Azanis Shahila Aman KUALA LUMPUR: Sunway Group's innovation arm, Sunway iLabs, has partnered with Cradle Fund Sdn Bhd to launch the Startup Deep Tech Ventures Lab (DTVL) to build and scale high-impact artificial intelligence (AI) and deep tech startups. DTVL, a transformative six-month co-creation programme, aims to catalyse breakthrough solutions to some of the region's most critical challenges, setting the stage for a new era of technological advancement and entrepreneurial excellence. From July to December 2025, DTVL is tailored for early-stage startups operating at the intersection of science, engineering, and impact. Sunway Group and Sunway iLabs chief executive officer Matt van Leeuwen said DTVL embodies the company vision to drive deep tech innovation that delivers both commercial success and meaningful societal impact. "By empowering science- and engineering-led startups, we're not just investing in technology—we are investing in solutions that can shape a better future for Malaysia and the region," he said in a statement. Meanwhile, Cradle group chief executive officer Norman Matthieu Vanhaecke said DVTL reflects the spirit of collaboration the company needs between government, academia, and industry to push Malaysia's innovation frontier. "Cradle is proud to be part of this momentum, and we are excited to back founders who are ready to turn breakthrough ideas into global impact," said Vanhaecke. According to Sunway, participants will undergo a rigorous and structured journey, including expert-led workshops, personalised mentorship through monthly office hours, investor-readiness sessions, and access to global capital networks, geared towards turning ambitious ideas into market-ready solutions. Following a competitive selection process, it said 20 startups were selected from a pool of 69 applicants, resulting in a 29 per cent acceptance rate. "The programme will culminate in a Pre-Demo Day this September, where all participating startups will present their progress to a curated audience of regional venture capitalists, corporate partners, and policymakers. "A shortlist of five to ten standout ventures will be invited to the final demo day showcase in October or early November, providing a public platform to spotlight breakthrough technologies and Malaysia's deep tech leadership globally," it added.